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CBOT March 2023 soft red winter wheat with 20-day moving average, MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Weather

U.S. grains: Chicago wheat, corn, soy firm on WASDE report

South America's weather drags on competing exports

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Chicago | Reuters — Chicago wheat, corn and soybean futures firmed on Wednesday, supported by weather conditions in South America that hamper rival exports, though higher-than-expected U.S. supplies limited gains. The most-active wheat contract on the Chicago Board of Trade (CBOT) added 15 cents to $7.64-3/4 a bushel (all figures US$). CBOT soybeans added 4-1/2
Markets, News

BP Bunge to quit mineral fertilizers by 2025

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Reuters – The Brazil-based joint venture between energy company BP and agri-business Bunge will phase out use of mineral fertilizers on sugarcane fields by 2025, the companies said in a Jan. 23 statement. Instead, it will increase use of biological alternatives developed by Brazil’s agricultural research agency Embrapa. The move, which comes after a rise
(Pabradyphoto/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Weather outweighs U.S. Fed rate hike announcement

'People are returning to the Argentine situation'

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MarketsFarm — Week-long rallies for grain futures on the Chicago Board of Trade (CBOT) were disrupted by the U.S. Federal Reserve’s latest key interest rate announcement on Wednesday. The Fed revealed it is raising its key interest rate by 25 basis points in its ongoing fight against inflation. While the central bank acknowledged inflation is
Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)
Beef cattle, Livestock, Markets

Beef consumption to rise in China, JBS predicts

China seen as more competitive in domestic chicken, pork markets

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Sao Paulo | Reuters — Demand for beef in China is expected to rise as the country still has relatively low per capita consumption, Gilberto Tomazoni, chief executive of JBS SA, said on Wednesday during a business conference. He said Brazil and the U.S., where JBS has meat facilities, are well positioned to meet China’s
CBOT March 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Soy sags as Brazil’s harvest looms

Wheat mixed, corn ends firm

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Chicago | Reuters — U.S. soybean futures fell about one per cent on Wednesday as traders focused on the expanding harvest of a likely record-large soy crop in Brazil and positioned for the U.S. Federal Reserve’s decision on interest rates, analysts said. Wheat futures ended mixed, with the most-active March contract down on profit-taking, while
Opinion: U.S. comes closer to losing corn export crown
Op/Ed, Opinion

Opinion: U.S. comes closer to losing corn export crown

Brazil is closer than ever to being the undisputed king of corn sales

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Reuters – U.S. corn exports usually begin increasing in January as soybean shipments ease, but that upward trend has yet to emerge due to poor overseas sales. China is the missing ingredient for U.S. exporters. Robust bookings from the Asian country inflated U.S. corn exports in the prior two years despite high prices, which are
News

Cargill, Viterra ship Brazil soy to Argentina early

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Reuters – Global grain traders Cargill and Viterra appear as charterers of two vessels to be loaded with Brazilian soybeans for delivery in Argentina over coming weeks, according to shipping data. Cargill’s Interlink Fortuity vessel is expected to arrive on Jan. 25 at the port of Santarem in northern Brazil and set sail on Feb.
CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans surge after USDA cuts 2022 harvest view

Brazil's CONAB projects big corn crop, record soy crop

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Chicago | Reuters — U.S. corn and soybean futures rallied on Thursday after the U.S. Department of Agriculture (USDA) unexpectedly cut its 2022 harvest estimates for both crops, which would mean smaller-than-expected supplies. Wheat futures gained on spillover support from rising corn and soy. Traders largely shrugged off USDA’s larger-than-anticipated winter wheat crop acreage estimate
News

Brazil chicken production and exports seen rising in 2023

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Reuters – Brazilian chicken processors including heavyweights JBS SA and BRF SA will collectively increase output and exports in the new year, projections from meat industry group ABPA showed. Brazilian companies will process up to 14.750 million tonnes of chicken meat in 2023, and are also poised to raise exports by up to 8.5 per
News

Deforestation in Brazil’s Cerrado savanna hits seven-year high

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Reuters – Deforestation in Brazil’s Cerrado savanna rose to a seven-year high, government data showed recently, destroying a vital habitat for threatened species and releasing huge amounts of greenhouse gases that drive climate change. Destruction of native vegetation rose 25 per cent to 10,689 square kilometres, an area larger than Lebanon. The data from space

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